RCBC Raises Billease Credit Facility to P1 Billion as Fintech Expands Local Funding

 

Rizal Commercial Banking Corp. has increased its financing facility for fintech lender Billease to P1 billion, strengthening the company’s access to domestic bank funding as it works to reduce its dependence on offshore borrowing.

The expanded facility comes roughly a year after RCBC initially provided Billease with P500 million in financing. The relationship has since broadened beyond credit, with the two companies also working together on corporate cash management, deposit accounts and foreign exchange services.

For Billease, the additional local funding forms part of a broader financing strategy aimed at lowering borrowing costs while creating a more diversified source of capital. The company provides consumer loans and buy-now-pay-later services that allow customers to acquire products through installment payments.

The financing arrangement is secured through the Personal Property Security Registry, or PPSR, which provides a centralized system for registering claims over movable assets. In Billease’s case, the pledged collateral includes loan receivables.

Under the structure, RCBC holds a first-ranking security interest over the pledged loans. The collateral pool is also larger than the amount of financing covered by the facility, giving the bank an additional layer of protection. Billease will periodically update the pool of receivables used as collateral, while payments follow a predetermined allocation structure.

The strengthened banking relationship comes as Billease records another year of substantial growth. Based on its audited consolidated financial results, the company reported revenue of P8.7 billion in 2025, representing an increase of more than 80 percent from the previous year.

Net profit reached P750 million, marking Billease’s third consecutive profitable year. Its loan portfolio likewise expanded by more than 75 percent to approximately P11.3 billion, while total assets climbed to P13.3 billion.

The figures point to a rapid expansion in both lending activity and financial capacity. For Billease, greater participation from local banks provides an alternative to offshore debt, potentially giving the company more flexibility as it scales its consumer financing operations.

For RCBC, the transaction also reflects growing confidence in Billease’s underwriting capabilities and financial performance. The use of registered and over-collateralized receivables provides a structured framework that combines expanded funding with defined protections for the lender.